Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Bitget against Gate+0.022%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$640.639% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 7 days−0.027%−$3 · spread now +0.022%, 7d avg +0.017%

Together, before fees−0.036%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ONDO_USDT	0.4533	0.0100	pay 0.0050% / 4h	2h 17m	$11.8M	$18.8M	50x
Short	Bitget ONDOUSDT	0.4534	0.0100	get 0.0050% / 4h	2h 17m	$25.7M	$41.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BitgetbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → +0.017%: $0.46
Slippage, 4 orders: −$36.93
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$63.47
Costs to cover: 0.639%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Bitget: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 1 min ago	2.20 bp	14.9 bp −$15	35.7 bp −$357	49.7 bp −$4,969	79.1 bp −$39.6K
Sell Bitget live order book, 1 min ago	2.21 bp	10.3 bp −$10	13.7 bp −$137	78.7 bp −$7,871	doesn't fit

ONDO on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ONDOUSD	−0.1122%	1h	0.4532	−0.017%	$2.9M	$7.8M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4536	+0.066%	$19K	$364K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4536	+0.064%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4539	+0.141%	$30K	$222K	10x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4522	−0.243%	$1K	$132K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4535	+0.044%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4535	+0.055%	$427K	$677K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4535	+0.044%	$763K	$2.0M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4533	−0.008%	$66.9M	$220.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4533	0.000%	$73.5M	$118.1M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4533	0.000%	$17.8M	$80.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4524	−0.192%	$72K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4536	+0.074%	—	—	5x	as long as short
Gate ONDO_USDTlong	+0.0100%	4h	0.4533	long leg	$11.8M	$18.8M	50x
MEXC ONDO_USDT	+0.0100%	4h	0.4532	−0.022%	$47.9M	$45.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4533	0.000%	$13.6M	$10.7M	50x	as long as short
Bitget ONDOUSDTshort	+0.0100%	4h	0.4534	+0.022%	$25.7M	$41.2M	50x
BingX ONDO-USDT	+0.0100%	4h	0.4533	0.000%	—	$22.6M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4535	+0.033%	$194K	$971K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4537	+0.094%	$790K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4537	+0.084%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4521	−0.264%	$427K	$948K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4541	+0.176%	$160K	$331K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4537	+0.090%	$104K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4536	+0.066%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4535	+0.044%	$471	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4544	+0.243%	$130K	$520K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4533	0.000%	$4.8M	$6.3M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4534	+0.015%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4533	−0.001%	$403K	$980K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4536	+0.066%	$36K	—	3x	as long as short
Hyperliquid ONDO	+0.0266%	1h	0.4537	+0.082%	$40.6M	$27.8M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4539	+0.132%	$305K	$842K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4538	+0.110%	$3.2M	$3.0M	75x	as long as short
01 Exchange ONDOUSD	+0.0400%	1h	0.4540	+0.154%	$374	$2K	10x	as long as short
Lighter ONDO	+0.0552%	1h	0.4540	+0.150%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0618% / S −0.0203%	1h	0.4536	+0.060%	$564K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1139%	1h	0.4537	+0.084%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.9336%	1h	0.4536	+0.062%	$257K	$128K	5x	as long as short